Welcome to the monthly Property Report by Key Real Estate. This report will explore properties available for sale in Rotorua, the Bay of Plenty, and the country as a whole. Look at the notable house price trends below:
Nationwide Median Prices: The median prices for residential properties nationwide have experienced a slight decrease, dropping from $765,000 in August 2024 to $761,000 in August 2025. This slight decrease may indicate a stabilising market, which could be beneficial for both buyers and sellers.
Bay of Plenty: The median house price increased from $780,000 in August 2024 to $830,000 in August 2025. This increase can be attributed to specific factors such as increased demand or improved infrastructure, making it a promising market for potential buyers and sellers.
Rotorua District: In August, the median house price in the Rotorua District increased slightly to $595,000, a testament to the resilience of the local market despite a 0.9% decrease from the previous year.
Excluding Auckland: When excluding Auckland, the nationwide median price decreased by 0.4% from July to reach $690,000 in August. Additionally, there was a minor 1.2% price decrease nationwide during August.
Bay of Plenty (Month-on-Month): The Bay of Plenty saw a 3.8% increase in its median house price compared to July.
Rotorua District (Month-on-Month): In August, the Rotorua District's median house price decreased by $5,000, or 0.8%.
On the inventory front, The total number of properties available for sale nationwide increased by 1.4% from August 2024 to reach 30,000 in the current period. This increase in inventory could mean more options for buyers or increased competition for sellers, shaping the dynamics of the real estate market.
Bay of Plenty Inventory: The Bay of Plenty's inventory saw a decrease of two weeks compared to August 2024, providing a comprehensive view of the current market conditions.
Lizzy Ryley, CEO of REINZ, provided insights into the market dynamics; Across New Zealand, confidence in the property market is tempered with caution. At this stage, both buyers and sellers appear to be taking a measured approach as they watch how the market unfolds, particularly as we near spring.
We hope you found this month's Property Report informative.
With significant fluctuations in house prices, we encourage you to reach out to Key Real Estate, your trusted Rotorua property specialist, to determine the value of your property.